Add training workflow, datasets, and runbook

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+594 Part V: Index Options and Futures 
+Cash Surrender Value = $10 x Final Value/ 1,245.27 
+This shortened version of the formula only works, though, when the participa­
+tion rate is 100% of the increase in the Final Index Value above the striking price. 
+Otherwise, the longer formula should be used. 
+Not all structured products of this type offer the holder 100% of the appreci­
+ation of the index over the initial striking price. In some cases, the percentage is 
+smaller ( although in the early days of issuance, some products offered a percentage 
+appreciation that was actually greater than 100%). After 1996, options in general 
+became more expensive as the volatility of the stock market increased tremendous­
+ly. Thus, structured products issued after 1997 or 1998 tend to include an "annual 
+adjustment factor." Adjustment factors are discussed later in the chapter. 
+Therefore, a more general formula for Cash Surrender Value - one that applies 
+when the participation rate is a fixed percentage of the striking price - is: 
+Cash Surrender Value = 
+Guarantee + Guarantee x Participation Rate x (Final Index Value/ Striking Price - I) 
+THE COST OF THE IMBEDDED CALL OPTION 
+Few structured products pay dividends. 1 Thus, the "cost" of owning one of these 
+products is the interest lost by not having your money in the bank ( or money market 
+fund), but rather having it tied up in holding the structured product. 
+Continuing with the preceding example, suppose that you had put the $10 in 
+the bank instead of buying a structured product with it. Let's further assume that the 
+money in the bank earns 5% interest, compounded continuously. At the end of seven 
+years, compounded continuously, the $10 would be worth: 
+Money in the bank = Guarantee Price x ert 
+= $10 x e 0-05 x 7 = 14.191, in this case 
+This calculation usually raises some eyebrows. Even compounded annually, the 
+amount is 14.07. You would make roughly 40% (without considering taxes) just by 
+1Some do pay dividends, though. A structured product existed on a contrived index, called the Dow-Jones 
+Top 10 Yield index (symbol: $XMT). This is a sort of "dogs of the Dow" index. Since part of the reason for owning a 
+"dogs of the Dow" product is that dividends are part of the performance, the creators of the structured product 
+(Merrill Lynch) stated that the minimum price one would receive at maturity would be 12.40, not the 10 that was 
+the initial offering price. Thus, this particular structured product had a "dividend" built into it in the form of an ele­
+vated minimum price at maturity.